CBRE, Dallas, secured $55.5 million in acquisition financing for Gaffney Distribution Center, a one-million-square-foot warehouse in Gaffney, S.C.
Tag: CBRE
CBRE: Moderate Recession Will Likely Slow Leasing, Investment
CBRE, Dallas, said it expects a moderate recession next year that will bring declines in real estate investment and leasing activity, though inflation will likely recede by year-end.
Former MBA Chair Brian Stoffers, CMB, Announces Retirement
Brian Stoffers, CMB, Global President of Debt and Structured Finance with CBRE and former Chair of the Mortgage Bankers Association, announced plans to retire next year.
CBRE: Industrial Occupiers Still in Expansion Mode
Strong industrial market demand will likely continue, though not at the record pace set in 2021, said CBRE, Dallas.
CBRE: Tech Industry Office Leasing Activity Slows, Remains Leading Force
CBRE, Dallas, said the tech industry’s share of U.S. office leasing slipped in first-half 2022 to its lowest figure in five years, though it remains a leading force in the sector.
Dealmaker: Security Properties Acquires Seattle Multifamily for $104M
A joint venture between Security Properties, Seattle, and STARS REI, Santiago, Chile, purchased 624 Yale, a midrise multifamily property in Seattle’s South Lake Union neighborhood, for $104 million.
LEED-Certified Office Buildings Command Higher Rents
CBRE, Dallas, reported LEED-certified office buildings command a rent premium over their non-certified peers as the market endures the reverberations of the COVID-19 pandemic and remote work.
CBRE: Record Low Data Center Vacancies Despite Increased Supply in H1 2022
The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.
Rising Labor, Land Costs Impacting Seniors Housing Development
Seniors housing development costs have risen sharply over the past two years, driven primarily by labor and land, said CBRE, Dallas.
Rising Labor, Land Costs Impacting Seniors Housing Development
Seniors housing development costs have risen sharply over the past two years, driven primarily by labor and land, said CBRE, Dallas.